.... oops, nearly forgot ... one other potentially, very significant decision that the Administration seem to be almost stumbling towards is a commitment to raid at least £10.5million from the Capital Budget for 2008-2011.
Do have a look at paragraphs 4.2 and 5.2 in the "National and Regional Sports Facilities - Progress Report" ... I read them as basically indicating that if no land-sale goes ahead then the money has to come from somewhere else in the existing Capital Budget?
In essence that means no money for any other capital projects - now, that's what I call a pretty serious pre-emption of the overall Capital Budget :-(
... or are they thinking of selling-off some other assets - surely they're not about to do exactly what we suggested straight after the election?
If they do, just what has all the budgetary panic of the last 6-months been for??